BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)
Print Print edition: 2023-06-29

PM constitutes Dar-led body: Beleaguered PIA comes under sharp focus

  • PM says PIA will only progress if administrative experts run it professionally
Published Updated

LAHORE: Prime Minister Shehbaz Sharif said on Wednesday that the incumbent government is heading towards a mechanism in which government’s work is only to do policy decisions and facilitate the investors.

While chairing a high level meeting in Lahore, the premier said that PIA will only progress if administrative experts run it professionally on the base of profit and loss. He added that PIA has potential to steer out from its loss.

Due to irresponsible statement of previous government PIA has lost its routes of Europe and America, he said, adding: “The incompetent ministers of previous government victimized the international investors including Chinese and Turkish investors.”

PIA generates Rs172bn revenue in 2022

During the meeting, the Prime Minister constituted a committee under the chairmanship of Finance Minister Ishaq Dar for re-structuring, reforms and restoration of Pakistan International Airlines. The committee will present its report and suggestions to federal cabinet after Eidul Azha.

On this occasion, Federal Minister for Railways and Aviation Khawaja Saad Rafique briefed the meeting about proposed roadmap and reforms for improvement in PIA.

The meeting was informed that airplanes in the fleet of PIA have to be increased from twenty-seven to forty-nine

Moreover, Prime Minister Muhammad Shehbaz Sharif on Wednesday spoke to President of the Republic of Turkiye Recep Tayyip Erdogan and felicitated the government and the people of Turkiye on the auspicious occasion of Eidul Azha.

Reciprocating the prime minister’s sentiments, President Erdogan extended warm Eid greetings to the people of Pakistan.

The two leaders also reviewed bilateral relations between Pakistan and Turkiye. They agreed that the 7th Session of the High-Level Strategic Cooperation Council (HLSCC) to be held in Islamabad would provide a leadership driven and forward oriented impetus to further strengthen the close fraternal relations between the two countries, especially in the economic domain.

“Pakistan-Turkiye relationship is underpinned by abiding bonds of religion, culture and history. Regular leadership level contact remains a defining feature of this strategic partnership,” it was further added. Furthermore, Federal Minister for Education and Professional Training Rana Tanveer Hussain on Wednesday called on Prime Minister Shehbaz Sharif in Lahore and discussed the country’s overall political situation, as well as, the matters pertaining to education and professional training.

Copyright Business Recorder, 2023

Comments

Comments are closed for this article.

Tulukan Mairandi Jun 29, 2023 09:44am
Dar-led body? Rest in peace, PIA. The last nail in the PIA coffin is sealed by Daronomics.
0
Mehboob Ali Lalani Jun 29, 2023 01:01pm
A statement cannot make or break airlines or any other organizations. It is the performance that make or break it. If people are appointed politically and a lean organization is allowed to become a fatty cat, it is bound to fall in abyss of losses. The committee should first find out the root causes of the decline of the PIA and then sincerely address the issues without fearing of political fall out. Otherwise, let the situation as it by injecting finances in a bottomless pit.
0
Arshad Jun 29, 2023 01:19pm
Looks like UAE is planning to buy it too.....
0
jSKhan Jun 29, 2023 03:06pm
PIA is our national air line need to top up airline in the world as in past We hope that govt will take positively necessary action
0